4 ms·

yeah but for how long? 10 years? 30? 1?

• manquer 5y ago
  The estimated reserves in SSGF(salton sea geothermal field) is 15 million metric tones[1]. Assuming the estimates are somewhat reliable at their projected annual draw it is 30 years worth. It is also to be noted that neither is the annual global demand close to that yet nor is the technology mature enough to extract that quantum yet so probably 50-60 years actual life time of the field which is not atypical for fields for other resources. Also estimate is fore 600,000 tones of lithium carbonate not pure lithium. [1] https://newscenter.lbl.gov/2020/08/05/geothermal-brines-could-propel-californias-green-economy/ https://newscenter.lbl.gov/2020/08/05/geothermal-brines-coul...
  • coenhyde 5y ago
    A nice little reserve then!
• twobitshifter 5y ago
  Close - 2023 https://investingnews.com/company-profiles/controlled-thermal-resources-lithium-and-renewable-energy/ https://investingnews.com/company-profiles/controlled-therma... Controlled Thermal Resources anticipates commencement of commercial production at Hell’s Kitchen in 2023. The production of geothermal power at Hell’s Kitchen provides CTR the ability to participate in California’s growing renewable energy market. In January 2020, CTR announced it had entered into a 25 year power purchase agreement (PPA) with Imperial Irrigation District (IID), the largest irrigation district in North America and the sixth-largest electrical utility in California. With the assistance of its project engineering partner Hatch Ltd., Controlled Thermal Resources completed its Canadian National Instrument 43-101 (NI 43-101) Technical Report, and the accompanying Preliminary Economic Assessment (PEA). CTR has initiated a Prefeasibility Study (PFS) and commenced well pad construction in anticipation of drilling its first two geothermal wells.